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Side-by-side financial comparison of JOYY Inc. (JOYY) and Rithm Capital Corp. (RITM). Click either name above to swap in a different company.

JOYY Inc. is the larger business by last-quarter revenue ($1.5B vs $828.2M, roughly 1.9× Rithm Capital Corp.). Rithm Capital Corp. runs the higher net margin — 13.2% vs 10.4%, a 2.8% gap on every dollar of revenue. Over the past eight quarters, JOYY Inc.'s revenue compounded faster (16.8% CAGR vs -17.9%).

JOYY Inc. is a global social media technology firm operating digital entertainment platforms including live streaming, short video and social services like Bigo Live and Likee. It serves users across Southeast Asia, Middle East, Latin America and other emerging markets, delivering interactive immersive digital content experiences for user groups.

Rithm Capital Corp. (Rithm) is an American investment management company headquartered in New York that focuses on real estate and alternative investments.

JOYY vs RITM — Head-to-Head

Bigger by revenue
JOYY
JOYY
1.9× larger
JOYY
$1.5B
$828.2M
RITM
Higher net margin
RITM
RITM
2.8% more per $
RITM
13.2%
10.4%
JOYY
Faster 2-yr revenue CAGR
JOYY
JOYY
Annualised
JOYY
16.8%
-17.9%
RITM

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
JOYY
JOYY
RITM
RITM
Revenue
$1.5B
$828.2M
Net Profit
$160.1M
$109.5M
Gross Margin
36.1%
Operating Margin
2.4%
Net Margin
10.4%
13.2%
Revenue YoY
-40.0%
Net Profit YoY
20.9%
EPS (diluted)
$0.12

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
JOYY
JOYY
RITM
RITM
Q1 26
$828.2M
Q4 25
$1.5B
Q3 25
$1.5B
$1.1B
Q2 25
$1.0B
$1.2B
Q1 25
$494.4M
$768.4M
Q4 24
$2.1B
Q3 24
$1.7B
$619.5M
Q2 24
$1.1B
$1.2B
Net Profit
JOYY
JOYY
RITM
RITM
Q1 26
$109.5M
Q4 25
$85.0M
Q3 25
$160.1M
$221.5M
Q2 25
$100.9M
$311.7M
Q1 25
$42.9M
$78.8M
Q4 24
$290.2M
Q3 24
$143.9M
$121.7M
Q2 24
$87.9M
$235.6M
Gross Margin
JOYY
JOYY
RITM
RITM
Q1 26
Q4 25
Q3 25
36.1%
Q2 25
36.3%
Q1 25
36.1%
Q4 24
Q3 24
35.7%
Q2 24
34.9%
Operating Margin
JOYY
JOYY
RITM
RITM
Q1 26
Q4 25
13.8%
Q3 25
2.4%
21.4%
Q2 25
1.8%
25.2%
Q1 25
2.5%
7.4%
Q4 24
23.8%
Q3 24
1.3%
7.3%
Q2 24
0.5%
23.6%
Net Margin
JOYY
JOYY
RITM
RITM
Q1 26
13.2%
Q4 25
5.7%
Q3 25
10.4%
20.0%
Q2 25
10.1%
25.6%
Q1 25
8.7%
10.3%
Q4 24
14.0%
Q3 24
8.5%
19.7%
Q2 24
7.8%
19.2%
EPS (diluted)
JOYY
JOYY
RITM
RITM
Q1 26
$0.12
Q4 25
$0.09
Q3 25
$0.35
Q2 25
$0.53
Q1 25
$0.07
Q4 24
$0.50
Q3 24
$0.20
Q2 24
$0.43

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
JOYY
JOYY
RITM
RITM
Cash + ST InvestmentsLiquidity on hand
$383.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.6B
$9.1B
Total Assets
$7.5B
$53.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JOYY
JOYY
RITM
RITM
Q1 26
Q4 25
$1.8B
Q3 25
$383.8M
$1.6B
Q2 25
$401.0M
$1.6B
Q1 25
$801.5M
$1.5B
Q4 24
$1.5B
Q3 24
$481.8M
$1.6B
Q2 24
$607.1M
$1.2B
Total Debt
JOYY
JOYY
RITM
RITM
Q1 26
Q4 25
$35.4B
Q3 25
$32.2B
Q2 25
$31.2B
Q1 25
$32.2B
Q4 24
$32.6B
Q3 24
$29.6B
Q2 24
$30.1B
Stockholders' Equity
JOYY
JOYY
RITM
RITM
Q1 26
$9.1B
Q4 25
$8.4B
Q3 25
$6.6B
$8.5B
Q2 25
$6.6B
$7.9B
Q1 25
$6.6B
$7.8B
Q4 24
$7.8B
Q3 24
$5.3B
$7.7B
Q2 24
$5.3B
$7.3B
Total Assets
JOYY
JOYY
RITM
RITM
Q1 26
$53.4B
Q4 25
$53.1B
Q3 25
$7.5B
$47.2B
Q2 25
$7.5B
$44.3B
Q1 25
$7.6B
$45.3B
Q4 24
$46.0B
Q3 24
$8.1B
$42.3B
Q2 24
$8.1B
$42.0B
Debt / Equity
JOYY
JOYY
RITM
RITM
Q1 26
Q4 25
4.20×
Q3 25
3.79×
Q2 25
3.92×
Q1 25
4.14×
Q4 24
4.18×
Q3 24
3.87×
Q2 24
4.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

JOYY
JOYY

Live streaming$1.1B74%
Advertising$297.3M19%
Others$109.8M7%

RITM
RITM

Servicing revenue, net$375.1M45%
Other$234.9M28%
Gain on originated residential mortgage loans, held-for-sale, net$195.0M24%
Other revenue$23.3M3%

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